NEW YORK (AP) – Small business alternative lending is growing in popularity, and a new collaboration between two local financial services, namely, BUC Financial and Tigerlyfe Capital Solutions, should only spur additional growth.
Traditional small business lending has been on the decline in the United States since 2008. Community Banks that once served this vital need have been consolidated by big banks that no longer focus on lending to small businesses. BUC Financial and Tigerlyfe Capital Solutions will step in to capitalize on the opportunity available in helping meet more small business’ lending needs by helping owners and principals find and choose alternative lending solutions.
Small businesses represent 99% of US companies and 55% of all jobs, according to the US Small Business Administration. “We formed this agreement to better tackle key issues we face; finding and educating small businesses on the many additional options, most of which are not known are available,” Frank LoPiccolo, founder of Tigerlyfe, based in Bay Shore LI, said in an email to NewsLI.com. “Community Banks have stopped lending and small businesses have not lost the need to raise capital; both companies bring capital solutions to small business which makes the partnership not only innovative, but smart.” he added.
About Tigerlyfe Capital Solutions
The team at Tigerlyfe has more than 15 years combined experience in the financial industry. Tigerlyfe has helped fund more than $25 million in alternative business loans. Tigerlyfe Capital Solutions has done so while building strong relationships with financial institutions across the country, all of which bring the very best options for payback terms.
BUC Financial is not supervised by a banking regulatory agency and does not have a banking license. BUC Financial is a free, no obligation financial marketing service, and matching prospective borrowers with prospective lenders for small business loans. BUC Financial is not a financial institution or a lender and cannot guarantee approval of a loan.
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